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Solid earnings out today:

http://biz.yahoo.com/bw/070719/20070719005072.html?.v=1

Note the comments on increased spending to accomodate increase in number of transactions. Increase in interest income was very modest (3%).

Note - new clients continue to increase:

Lawrence A. Collett, Cass chief executive officer and chairman, stated that the first half results show "continuing strong growth in new clients using our services, especially our transportation and utility processing segments. These results include the costs associated with the "ramp up" needed to handle the increased volume. We continue to remain optimistic about the future."

Overall it looks like the growth story at CASS still has a long ways to go.

sw
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